merloen
Joined 15 years ago
Joined 15 years ago
Deciding to mine bitcoin where energy is cheap is just bloody obvious.
> When I buy Bitcoin, as long as the energy used to mine the token is cheaper then energy I have access to, I’m getting a good deal.
So buying bitcoin from a base in Antarctica, where energy is scarce, is a better deal than buying it in Dubai? That doesn't make any sense whatsoever.
No. Just be polite and respectful to your colleagues. Not every stone needs to be turned.
That's only true of cash, and money in checkings accounts. Money deposited in savings accounts yields interest, which (on average) more than compensates for inflation.
A lot of domino stones had to fall for WWI to happen. By the way, I can recommend "The War that Ended Peace", excellent book about the causes of WWI.
Energy arbitrage means buying energy where it's low, and selling where it's high. The latter is missing here.